NEWS & ADVICE : PERSONAL LOAN
Dhanlaxmi Bank aiming to work on gold loan business
By Vaibhav Aggarwal
Apr 10, 2012
Print    Email    RSS   

Private sector lender Dhanlaxmi Bank is aiming big to focus on the gold loan business. With stringent regulations coming up for NBFCs dealing in the gold loan business, banks now see huge potential in the field.

Thinking on these lines, Dhanlaxmi Bank has aimed to grow its gold loan segment from forming 8% of its total loan book to 20-25% in this fiscal, said Mr P G Jayakumar, CEO of the bank.

He added this category of loan being a secured one is also safe as a product for banks.

He also said that probably Reserve Bank of India has better comfort with allowing banks in taking forward the gold loan business because banks follow stringent Know your customer (KYC) processes.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Gold based financing; 'loan to buy gold...
An Insight into Lending Rate Changes
Loan upper limit increased for women
Man caught for committing bank fraud
Benefits and drawbacks of personal loans...


FeMaLeS EsCoRtS SeRvIcE In SoUtH-eX CaLL...
love problem solution +91-7073636169
{ BTM Layout }} ℂall Girℒs Iℕ Bangalore~...
💕 Shimla,Chandigarh 08505800248 💋 ℭaℒℒ...
DℰHℜ₳Duℕ ℭall Giℜls in,Mussoorie...
call +91-7838980371 CaLL GiRLs In DeLhI EsCoRtS...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive